On February 26, the Department of Housing and Community Development and MassHousing released a Notice of Funding Availability (NOFA) for the third Community Scale Housing Initiative (CSHI) competition.
The Initiative provides up to $10 million in funding for projects that include 5-20 rental units, with at least 25% set aside as affordable. The funding consists of $5 million from DHCD’s Housing Stabilization Fund and a $5 million investment from MassHousing’s Opportunity Fund.
To download a copy of the NOFA, please click here.
Pre-applications are due on April 30, 2019. Full applications for those projects who have received approval on their pre-applications are due on June 28, 2019.
If you are working actively on a project that meets the NOFA criteria, you may wish to attend an information session on the CSHI program on March 29. Please feel free to contact Lynn Shields or Terry Farmer if you have questions on the NOFA or would like additional information on a question-and-answer session to be held in March 2019. Lynn and Terry can be reached at Lshields@Masshousing.com (617-854-1381) or Theresa.email@example.com (617-573-1326).